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If real estate is all about location than this property takes the cake, with its prime positioning close to Newcastle's picture perfect coastline and cosmopolitan inner city lifestyle.
Desirably situated in the exclusive and tightly-held suburb of The Hill, around 500 metres from the Civic precinct and less than 1km to Newcastle Beach, the property is within walking distance of the city's key attractions.
Recent developments have revitalised Newcastle's central business district, transforming it into a vibrant destination with bustling bars, charming boutiques and endless dining options. The Civic precinct also has plenty to offer, from world-class shows at Civic Theatre to one of Australia's finest public art collections at Newcastle Art Gallery.
Pack a picnic and enjoy the acres of landscaped gardens and panoramic ocean views at King Edward Park, or explore the coastal beauty Newcastle is renowned for with a stroll along Bathers Way, which extends in both directions to either Merewether Baths or all the way round to Nobbys Beach.
Newcastle's former water reservoir sits on the high side of this property, providing complete privacy to the north, while Newcastle East Public School is located directly opposite, making it the perfect family-friendly neighbourhood.
Neat gardens, manicured lawns and a charming front balcony with timber balustrade and railing give this split-level home plenty of street appeal, but the real attractions are inside and to the rear, where a modern upgrade and deceptively large block provide a pleasant surprise.
The elevated 973.7sqm lot slopes upwards to the rear, with a favourable medium density residential zoning making this one of the last high quality development sites in this blue ribbon suburb.
Subject to council approval, the expansive block provides plenty of space to construct multi-dwelling housing, with similar developments setting the example elsewhere within the suburb.
A history of strong re-sale values and the wide appeal of the suburb, which sits on the edge of the inner city, cement the development potential of this site, which would have a wide target market for future buyers.
The existing home also has plenty of appeal, with a recent makeover giving it a stylish and modern look.
The freshly painted interior features a subtle neutral colour scheme, which ensures the rooms feel light and bright, while gorgeous, polished hardwood flooring adds warmth and character throughout the home.
Three good-sized bedrooms provide plenty of space for young families, with the master suite at the front enjoying elevated views.
All three bedrooms have easy access to the upgraded bathroom, which features a contemporary vanity with a lovely marble-look benchtop and a designer countertop basin with stylish flick mixer, while a separate toilet provides added practicality.
A spacious combined living and dining area is located on the opposite side of the house away from the bedrooms, with large timber sash windows providing plenty of natural light.
This living space flows into the adjoining open plan kitchen, which has been completely upgraded from the electrical and plumbing through to the new stainless steel appliances.
Marble-look laminate benchtops, gloss white cabinetry, stainless steel handles and stainless steel kickboards give the kitchen a beautiful, contemporary finish, which is complemented by the sleek mirrored splashback.
New blinds throughout, built-in storage cupboards and split system air conditioning provide the finishing touches inside the home, while outside the list of extras includes a rear double garage with additional storage, a third rear garage parking space, lovely established gardens and a towering tree towards the back of the large block for added privacy and plenty of shade.
Whether you want to love the property and enjoy the renovated home or explore the potential return a redevelopment of the block would offer, this prime property is hard to go past.
The Hill property is being marketed for sale by tender, with interested buyers encouraged to contact the agents to find out more or submit an application.
SMS 57Brown to 0428 166 755 for a link to the on-line property brochure.
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